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A mortgage representative generates leads by collaborating with real estate agents and home builders, offering free information in exchange for readers' email addresses and holding information sessions with niche groups. Marketing techniques that keep a representative's...


A mortgage is essentially a loan, usually given by a bank, to provide individuals and families with funding to secure housing. Mortgages fall into the larger category of financial loans, but are specifically designed for real estate. Mortgages contain several different ...


A second mortgage is a loan that is taken out after a primary mortgage. The second mortgage is also sometimes referred to as a home equity line of credit, or HELOC.


There are three basic mortgage types, according to Bankrate, and they include fixed-rate, adjustable-rate and interest-only jumbo loans. With a fixed-rate loan, the borrower's interest rate remains constant over the 15-, 20- or 30-year loan repayment period. Monthly pay...


An adjustable-rate mortgage, or ARM, is a home loan in which the buyer gets an introductory interest rate for a defined period; then the rate is adjusted annually. Common ARMs are 3/1, 5/1, 7/1 and 10/1. The first number indicates the introductory period, and the "1" de...


Private mortgage insurance is a policy purchased by home buyers in order to protect lenders in the event that the buyer defaults on the mortgage loan. Lenders typically require PMI whenever the down payment on the home is less than 20 percent of the purchase price.


A mortgage broker is a professional who connects mortgage applicants with potential mortgage lenders, but does not actually lend out money or make approval decisions. Many states require the broker to be licensed.